Manchester City in talks over signing David Villa as Valencia are forced to cash in

Valencia vice-president Fernando Gomez has confirmed they have held talks with Manchester City regarding the possible transfer of star striker David Villa.

Valencia are in deep financial trouble and admitted for the first time last week that they may need to cash in on some of their prized assets in a bid to ease their problems.

Spain international Villa, who is arguably the club's most valuable player, penned a six-year contract with Valencia only last August, tying the 27-year-old to Los Che until 2014, but it now seems the Primera Liga outfit are resigning themselves to him leaving.

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When asked if he could confirm that Valencia chiefs had met with two representatives from Manchester City regarding the sale of Villa, Gomez said: 'Yes, it's true but they didn't make us an any offer.

'The president (Vicente Soriano) asked for a significant amount and they didn't agree.'

Gomez did not reveal in the interview on Spanish radio what price tag they had put on Villa and his fellow Spain star David Silva, but insisted they would not be short-changed for either player.

'I think they are two very important players, with a lot of quality and, if we sell them, we are not going to sell them on the cheap,' said Gomez.

'I would like them both to stay. But we cannot discard anything and any of them (the players) could leave at the end of the season.'